Fisher Asset Management LLC Sells 92,637 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Fisher Asset Management LLC cut its position in Hub Group, Inc. (NASDAQ:HUBG) by 11.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 718,692 shares of the transportation company’s stock after selling 92,637 shares during the period. Fisher Asset Management LLC’s holdings in Hub Group were worth $66,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in shares of Hub Group during the 4th quarter worth $37,000. Adirondack Trust Co. bought a new position in Hub Group in the 3rd quarter worth about $39,000. Exchange Traded Concepts LLC boosted its stake in Hub Group by 60.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock worth $62,000 after purchasing an additional 299 shares during the period. Headlands Technologies LLC bought a new position in Hub Group in the 3rd quarter worth about $63,000. Finally, Parkside Financial Bank & Trust boosted its stake in Hub Group by 20.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock worth $68,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stifel Nicolaus raised their target price on Hub Group from $49.50 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Stephens reduced their price objective on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Evercore ISI dropped their price objective on shares of Hub Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. BMO Capital Markets reduced their price objective on shares of Hub Group from $48.00 to $45.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Finally, TD Cowen increased their price target on shares of Hub Group from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Hub Group has an average rating of “Hold” and a consensus target price of $46.54.

Hub Group Stock Performance

Shares of NASDAQ:HUBG opened at $42.54 on Friday. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 20.21 and a beta of 0.90. Hub Group, Inc. has a 12 month low of $31.73 and a 12 month high of $47.58. The firm’s 50-day moving average is $41.62 and its 200 day moving average is $41.65. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.14.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The company’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. Research analysts predict that Hub Group, Inc. will post 2.02 EPS for the current year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were paid a $0.125 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.18%. Hub Group’s dividend payout ratio is currently 23.75%.

Hub Group Profile

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.